Oil

National oil company calls for sustained drilling, improved security and stronger investment as Nigeria intensifies efforts to increase crude production...

Nigeria's upstream regulator is tightening acreage management rules to prevent operators from holding undeveloped oil assets indefinitely as the government...

The Federal Government has launched the 2026 oil licensing round across onshore, shallow-water and deepwater terrains as crude and condensate...

Indigenous energy company LEKOIL Nigeria Limited is targeting crude oil production of 100,000 barrels per day, outlining an ambitious expansion...

Oil prices fell by more than $2 a barrel on Wednesday as renewed talks between Iran and Oman raised hopes...

Nigeria’s seaborne petroleum product exports have increased seven-fold since 2023, driven largely by rising output from the Dangote Petroleum Refinery,...

Global financial markets came under renewed pressure as US Treasuries and Asian bonds extended their recent declines, while rising oil...

Brent crude closed above $90 per barrel on Monday as renewed tensions between Iran and the United States raised concerns...

Nigeria’s public debt increased marginally in the first quarter of 2026, while crude oil production recorded its first decline in...

Brazilian oil giant Petrobras has detected signs of hydrocarbons off the coast of the country’s Amazon region, potentially indicating the...